Saudi Arabia Satellite-based Earth Observation Market Market Size (2024 - 2029)

Saudi Arabia Satellite-based Earth Observation Market Analysis

The Saudi Arabia Satellite-based Earth Observation Market size is estimated at USD 0.12 billion in 2024, and is expected to reach USD 0.2 billion by 2029, growing at a CAGR of 10.02% during the forecast period (2024-2029).

The KSA Satellite-based earth observation market is analyzed to grow at a substantial rate in the coming years owing to the supportive regulatory framework to promote and expand new players in space sector, Kingdom's interest in advancing its space ecosystem coupled with the growing demand from various end-user sectors.

• The KSA satellite-based earth observation market is in the developing stage, and the market is analyzed to witness substantial growth in the coming years owing to the Saudi Space Commission's ambitious plans to develop the local space economy. Moreover, the Kingdom recently restructured its regulatory framework for non-terrestrial networks (NTN), including the promotion and entry of global satellite operators.
• Further, the Kingdom of Saudi Arabia's Communications, Space and Technology Commission (CST) will provide landing/operating rights to satellite operators who meet specific standards, such as delivering innovative satellite-based solutions and efficiently using spectrum to offer unique services in the Kingdom, 
• Mporover, in accordance with its new national spectrum policy and Saudi Vision 2030. Such developments further boost the global presence of major global market vendors in KSA, which is likely to positively impact the studied market growth in the coming years.
• The Kingdom of Saudi Arabia is Seeking to achieve regional leadership in the fields of international space and contribute to the future development of this vital sector; Saudi Arabia is working on space technologies and systems through national and international cooperation in R & D programs, technology transfer, and localization. This is expected to create growth opportunities for the satellite-based earth observation market in the Kingdom over the forecast period.
• Moreover, the increasing earth observation activities, such as the launch of various earth observation satellites by The King Abdulaziz City for Science and Technology (KACST) in the past few years is further augmenting the growth of the studied market in the country. For instance, In the past, Saudi Arabia's King Abdulaziz City for Science and Technology (KACST) has developed and manufactured SaudiSat-5A and SaudiSat-5B earth observation satellites and continually developing and launching new earth observation satellites, thus driving the KSA market.

Saudi Arabia Satellite-based Earth Observation Industry Segmentation

Satellite-based earth observation is done with the help of satellites orbiting around the planet to view and identify environmental changes, map making, etc. The satellite-based earth observation technology captures and stores information from satellites relating to the physical, biological, and chemical compositions of the Earth for monitoring, surveillance, and decision-making in various verticals, such as defense and intelligence, infrastructure and engineering, natural resource management, energy and power, and disaster management.

The KSA satellite-based earth observation market is segmented by type (earth observation data, value added services), by satellite orbit (low earth orbit, medium earth orbit, geostationary orbit), and by end-use(urban development and cultural heritage, agriculture, climate services, energy and raw materials, infrastructure). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.